Monthly Archives: September 2006

REVIEW: Stocks rallied nicely early in the week. Then consolidated thursday and friday. The SPX/DOW made new highs for the bull market, and the NDX/NAZ made new highs for the uptrend. Overall, the SPX/DOW was up 1.5%, and the NDX/NAZ 2%. … Continue reading →

SHORT TERM: no record close for the DOW today. After making a low by 10:00 the stock indices rallied until noon. Then, a gradual deterioration from the highs truned most of the indices negative for the day. It’s been a … Continue reading →

SHORT TERM: DOW posts another intraday high Overnight the Asian markets were up nicely, and Europe also came in higher. Core inflation was reported at an 11 year high this morning, rising to 2.5%. However, the bonds reacted by going … Continue reading →

Forget the Slowdown Talk: State Tax Receipts Soaring (Greenwich, 9/27/2006) Slowdown? What slowdown? Tax collections are the best metric for economic growth. You only pay them when you make money. You have to pay them or federal agents will enter … Continue reading →

SHORT TERM: DOW closes only 4.43 points below all time closing high! After the final Q2 GDP was revised lower this morning, bonds weakened, and the stock indices had a quiet opening. After rallying for a few minutes stocks headed lower … Continue reading →